EURUSD: Safe-Haven Flows Drive EURUSD Lower After Decisive Break
After the US started the war with Iran, the US dollar suddenly became strong across the board. You could call this a safe haven demand.
The market is most likely buying the US dollar, as it is more likely that the US dollar will be a more stable currency in all this turmoil.
However, all the credit goes to Trump for this strength and the turmoil he is creating.
The price has already fallen from a contracting triangle, which was not so clear all these days, but has just fallen decisively, confirming the strength of the US dollar.
It seems that we are at the beginning of a new trend. After a small pause, the EURUSD may continue to fall even further this time, as shown in the chart.
Main targets:
1.1680
1.1635
1.1585
1.1520
You may find more details in the chart.
Thank you and good luck! 🍀
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
After the US started the war with Iran, the US dollar suddenly became strong across the board. You could call this a safe haven demand.
The market is most likely buying the US dollar, as it is more likely that the US dollar will be a more stable currency in all this turmoil.
However, all the credit goes to Trump for this strength and the turmoil he is creating.
The price has already fallen from a contracting triangle, which was not so clear all these days, but has just fallen decisively, confirming the strength of the US dollar.
It seems that we are at the beginning of a new trend. After a small pause, the EURUSD may continue to fall even further this time, as shown in the chart.
Main targets:
1.1680
1.1635
1.1585
1.1520
You may find more details in the chart.
Thank you and good luck! 🍀
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
Trade active
EURUSD - Near to the third target:)
Trade closed: target reached
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.